Property Valuation
The 'highest and best use' principle in Missouri appraisal requires analysis of which criteria?
APhysical possibility, legal permissibility, financial feasibility, and maximum productivity✓ Correct
BLocation, size, zoning, and age
CMarket conditions, comparable sales, and assessment rates
DOwner's intended use and community preferences
Explanation
Highest and best use must be: (1) physically possible, (2) legally permissible, (3) financially feasible, and (4) maximally productive. This analysis determines the use that produces the highest value for the land.
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